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Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 3,004 sqft
Price per Sqft $204
MLS Listing ID 40611040
Sold Date 07/02/24
Bedrooms 7
Abv Grd Liv Area 3,004
Originating Board Woodstock-Ingersoll Tillsonburg
Year Built 1880
Annual Tax Amount $5,014
Property Description
It's A Money Maker! This fully leased 4-plex offers a solid investment opportunity with a 5.5% CAP rate (at current income & expenses) as well as solid tenancies. Over 3,000 square feet above grade, low maintenance and located in a quiet, established South Ingersoll neighborhood. Easy access to the 401 & walking distance to downtown, shopping and schools. TWO 1-Bedroom units upstairs: each has a ground level porch/patio and spacious ground level entries/foyers. You'll find a spacious 2-bedroom main floor apartment at the west end of the building. The 2 bedroom unit has on site parking, a fenced yard, deck and functional laundry/mud room. The main floor 3-bedroom apartment, at the east end of the building, has a rare attached double garage with inside access. This apartment is open and bright, has a dedicated laundry/mud room, it's a deck in in the good sized back yard. Consider owner occupying one unit. No rental equipment, 4 separate hydro meters, and tenants pay their own gas and hydro. Act now to secure this great investment opportunity with positive cash flow. 24-48 hours notice appreciated for showings.
Location
Province ON
County Oxford
Area Ingersoll
Zoning R2
Direction From 401, exit north onto Plank Line. Follow Plank Line into Ingersoll. At the 3 way stop, turn right (north) on Harris. Turn left (west) on Cherry St.
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Hot Water Tank Owned, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Exterior Feature Private Entrance
Garage Attached Garage, Garage Door Opener, Asphalt, Inside Entry
Garage Spaces 2.0
Fence Fence - Partial
Waterfront No
Roof Type Shingle
Porch Deck, Porch
Lot Frontage 132.0
Lot Depth 68.0
Garage Yes
Building
Lot Description Ample Parking, Dog Park, City Lot, Near Golf Course, Highway Access, Hospital, Library, Park, Place of Worship, Playground Nearby, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails
Faces From 401, exit north onto Plank Line. Follow Plank Line into Ingersoll. At the 3 way stop, turn right (north) on Harris. Turn left (west) on Cherry St.
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Aluminum Siding
New Construction No
Schools
Elementary Schools Royal Roads Ps, St Jude'S Catholic
High Schools Idci, St Mary'S Woodstock
Others
Senior Community false
Tax ID 001680120
Ownership Freehold/None
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